Machi Big Brother Shut Down: $15 Million Cryptocurrency Loss on Hyperliquid
Liquidation Loss: Jeffrey Huang, known as Machi Big Brother, faced a full liquidation loss of over $15 million due to a highly leveraged trading position during a market downturn, leaving him with only $16,771 in his account.
Trading Strategy Risks: The incident underscores the volatility and risks associated with high-leverage trading on decentralized platforms, even for experienced investors like Huang, whose aggressive strategies often lead to significant profits and losses.
Background of Machi Big Brother: Huang is a notable figure in both the entertainment and crypto industries, having transitioned from a music career to becoming a prominent on-chain trader and NFT collector, particularly known for his involvement with the Bored Ape Yacht Club.
Controversies and Ventures: His crypto journey includes founding various projects and facing allegations of embezzlement, while he continues to launch new initiatives like Ape.fi, aimed at integrating NFTs with decentralized finance, despite recent financial setbacks.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE) As of , Hyperliquid (HYPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 16.116 | 21.768 | 27.121 | 32.773 | 38.126 | 43.778 | 49.131 |
| Fibonacci | 21.768 | 25.972 | 28.569 | 32.773 | 36.977 | 39.574 | 43.778 |
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